Bizizz Market Research has recently published a research report, “Pouches Market By Material Type (Plastic, Metal, Bio-plastics and Paper), treatment type (Retort, Aseptic, Standard and Hot-Filled), product type (Stand Up pouches, Roll Stock, Flat Pouches, Vacuum Pouches and Zip-locked Pouches) Application (Construction, Cosmetic and personal care, Stationary, Electronics, Textiles, Beverage Industry, and Others (Multiwall Sacks etc.)), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Pouches Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 32.0 Bn by 2027, witnessing a CAGR of 6.5 % during the forecast period. Key drivers of the market are
The increased need of packaged food and its cost-effectiveness of flexible packaging solutions are anticipated to propel its market demand. Growing demand by end-user industries by different advantages offered by pouches are anticipated to propel the growth of pouches market during the forecast period. Manufacturing of pouches in different capacities shall meet the growing demands of consumers. Pouches market is observing greater demand in the recent years by factors including cost-effectiveness, aesthetic appeal etc. Moreover, demand of zip-locked, transparent and printed pouches is rising in the demand globally.
The Pouches market is anticipated to register a CAGR of over 6.5% during the forecast period.
To Have A Glimpse Of The Report Or To Avail The Free Sample Click The Link Below:
By Application, food and beverages segment held a key share in Global Pouches Market in 2018.
Pouches are largely utilized in beverage industry for packaging of juices, energy drinks, sauces, tea, coffee, shakes, and alcohol etc. by their malleability and less weight. Plastic pouches are low in prices and hence adopted in packaging of beverages. Moreover, these pouches could even be re-filled with stuff after emptying. Greater usage of packaged goods by most of the end users is propelling the pouches demand by beverage industry. Aesthetic appearance, contamination free and flexible packaging could stimulate the demand of pouches in the market.
North America is Anticipated to Dominate the Global Pouches Market during the Forecast Period.
The Asia-Pacific region is anticipated as fastest growing market of pouches. Rise of food processing, beverage industry through expansion of retail sector is anticipated to propel the market in the Asia pacific region. However, the Asia-pacific region is observing greater urbanization. Nations including India and China are densely populated and are have shift in lifestyle that is rapidly contributing to the growth of pouches market in this region.
Global Pouches market was moderately consolidated with key players accounting for significant share in 2018. Organizations are currently focusing on eco-friendly products to the end-users in the market for increasing competency and compliance with the government regulations.
Prominent players operating in the Global Pouches Market are: Gatewing, Sensefly, DeltaPouches, Titan aerospace, Infotron, Ascending Technologies, Aerial MBO, RedBird, Flying Eye, InterPouches, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
About Bizizz Market Research:
Bizizz Market Research (BMR) is a unique market research, consulting, and business solution organization that offers best strategic and tactical support to customers to enhance their business decision process. BMR team is full of impassioned & dedicated experts who thrives to give their very best to their clients and always ready to take any challenge.
Our expanding team of professionals & experts from a wide array of streams and vertical has critical problem solving skills, innovative approaches and research techniques to deliver best solution to our clients. We continuously pushing our capabilities to enhance our services and setting higher quality goals each day. BMR offers syndicated reports, custom reports and consulting services to our clients. We are capable of catering the market research demands of individuals and organizations of various industries across different geographies with utmost data accuracy in minimal turnaround time.
Bizizz Market Research
410 E Santa Clara Street, Unit #762
San Jose, CA 95113
Phone: +1 408-622-0123
Email : firstname.lastname@example.org
Reference Link: https://www.bizizzmarketresearch.com/pr/global-pouches-market